Can Kava Crypto Flourish From Support Or Show A Descent Soon?

The Kava crypto has withdrawn below the 20 day EMA suggesting weakness over the daily chart.
The Kava crypto is down nearly 0.50% in intraday and was trading at 0.936 USD.

The Kava crypto trades lightly in intraday with a slight negative development of 0.50%. The crypto was trading close to $0.936. The bears are extending the losses on the third consecutive session and the crypto has withdrawn below the 20 day EMA.

The breakdown below the 20 day exponential moving average has weakened the short term positive trend. The price currently hovers near the 50 day EMA and is trying to get support from it. The long term trend outlook is bullish until the price hovers above the 200 day EMA.

The crypto has taken multiple support from the dynamic support of 50 and 200 day EMA. Now, if the price bulls make a comeback and the price recovers, it may again resume its way on the higher side. The short term traders and investors may target $1.11 and $1.25 on the higher side if the price surpasses the key EMA of 20 days.
Kava Crypto Development Activity Foresights

<iframe title="Santiment Chart: Development Activity (KAVA), Dev. Activity Contributors Count (KAVA)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=kava&pt=KAVA&df=2023-11-27T00%3A00%3A00.000Z&dt=2024-04-11T18%3A29%3A59.907Z&sat=shchcfg_0fkcqXWOckcn&emcg=1&emhwm=1&wm=dev_activity%3Bdev_activity_contributors_count&wax=0%3B1&wc=%238358FF%3B%23FF5B5B&ws=%7B%22transform%22%3A%7B%22type%22%3A%22moving_average%22%2C%22movingAverageBase%22%3A42%7D%7D%3B" scrolling="no"></iframe>

The Kava crypto development activity chart illustrates a healthy developer activity over the weekly chart. The development activity and developers activity contributors count curve has noted an upward trajectory in the last two months.

The development activity shows the undergoing changes and updates in the crypto. A positive curve in the development activity generally indicates the long term growth in the crypto.
Kava Crypto: Social Sentiments Analysis

<iframe title="Santiment Chart: Social Dominance (KAVA), Social Volume (KAVA), Active social users (Telegram) (KAVA), Active social users (Twitter) (KAVA)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=kava&pt=KAVA&df=2023-11-27T00%3A00%3A00.000Z&dt=2024-04-11T18%3A29%3A59.907Z&sat=shchcfg_0fkcqXWOckcn&emcg=1&emhwm=1&wm=social_dominance_total%3Bsocial_volume_total%3Bsocial_active_users_telegram%3Bsocial_active_users_twitter&wax=0%3B1%3B2&wc=%235275FF%3B%2368DBF4%3B%23FFCB47%3B%23FF5B5B&ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>

Social indicators like social dominance, social volume and twitter followers also play a major role in deciding the current sentiment of the social media users about Kava crypto. The above chart mentions the social volume and social dominance of the crypto along with the number of twitter followers and telegram followers.

As per the data, the total number of the active telegram users are 1193 till date and the total number of twitter users were 2045. Telegram users have increased gradually in the last one month. However, the total active users on Twitter have decreased by nearly 30% in the past month.
Technical Indicators Imply Weakness In The Trend.

<iframe title="Santiment Chart: Price (KAVA), RSI 1d (KAVA)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=kava&pt=KAVA&df=2023-11-27T00%3A00%3A00.000Z&dt=2024-04-11T18%3A29%3A59.907Z&sat=shchcfg_0fkcqXWOckcn&emcg=1&emhwm=1&wm=price_usd%3Brsi_1d&wax=0%3B1&wc=%23317945%3B%234f60ce&ws=%7B%22node%22%3A%22area%22%7D%3B%7B%22__appliedInterval%22%3Atrue%2C%22interval%22%3A%221d%22%2C%22node%22%3A%22area%22%7D" scrolling="no"></iframe>

From a technical point of view, the Kava price has dropped below the 20 day exponential moving average suggesting weakness in the short term trend. However, the long term trend outlook is still bullish as the price still hovers above the 50 and 200 day moving average.

Moreover, the RSI line has fallen below the mean line and was currently placed at 48.03 points. On the other hand, the SMA line was placed at 51.08 points. Both the RSI and SMA line were hovering close to the mean line and a bearish crossover of both the lines was observed indicating a neutral to slightly bearish outlook in the short term.
Kava Crypto Forecast April 2024.

The Kava price prediction for April 2024 shows that the crypto may advance to a high of $1.256 if buyers are able to surpass the recent resistance of $1.11 on the higher side. Whereas, the less optimistic analysts estimate a price target of $0.803 on the lower side after the breakdown below 50 and 200 day EMA.
Kava crypto is experiencing a slight decline, trading near $0.936. The crypto has withdrawn below the 20-day EMA, signaling a short-term bearish trend. However, it might find support at the 50-day EMA. The long term trend outlook is bullish as long as it stays above the 200-day EMA.

Further, Recovery above the 20-day EMA could see targets of $1.11 and $1.25. Development activity is positive, indicating growth. Social metrics show increasing Telegram users but a 30% drop in Twitter activity, affecting sentiment.
Technical levels:
Support levels: $0.886 and $0.739
Resistance levels: $1.11 and $1.256

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